There’s a lot of stigma around buying manufactured homes. However, if you do your research and ask the right questions, you can absolutely find a quality home that will suit your needs. Here are five tips to keep in mind when shopping for a mobile home.
1. Establish Your Budget
The first step to take when buying a mobile home is to establish your budget. How much can you afford to spend on your new home? Keep in mind that manufactured homes generally cost 20-35 percent less per square foot than traditional stick-built homes, so you may be able to get more home for your money.
2. Determine Your Financing Options
There are a number of lenders who specialize in manufactured home loans, so don’t assume you won’t be able to get financing. Shop around and compare rates to make sure you get the best deal possible.
3. Find the Right Community
When you purchase a mobile home, you’re not just buying a house, you’re also joining a community. So it’s important to find a community that feels like home and that meets your needs.
4. Have the Home Inspected
Just like with any home purchase, it’s important to have the mobile home inspected before you buy one. This will help you identify any potential problems that could end up costing you money down the road.
5. Understand the Local Real Estate Market
Finally, it’s important to understand the local real estate market before you purchase a mobile home. This will help you pay a fair price for the home.
Looking for a Home in Michigan?
If you’re looking for homes for sale in Michigan, talk to us. We’re a local realtor and have helped lots of folks find suitable homes on a budget. Contact us today at (616) 929-0799, we’d be happy to help.